Nordic investor relations conference Teigland
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Nordic investor relations conference Teigland

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My presentation for Nordic Investor Relations Conference (NIRC) 2014 http://www.finansanalytiker.se/evenemang/nordic-investor-relations-conference-2014/

My presentation for Nordic Investor Relations Conference (NIRC) 2014 http://www.finansanalytiker.se/evenemang/nordic-investor-relations-conference-2014/

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Nordic investor relations conference Teigland Nordic investor relations conference Teigland Presentation Transcript

  • A rapidly changing landscape ----- IR tomorrow? NIRC – May 2014
  • ”The future is already here, it’s just not very evenly distributed." - William Gibson
  • Accelerating pace of change Ray Kurzweil, Singularity Institute
  • A rapidly changing landscape Not only … Increasing number of communication channels New forms of interaction But also… New investment opportunities New means of financial transactions
  • Increasing number of communication channels InvestorsCompany Third parties
  • Investors don’t care if an IR department is tweeting or if someone else is. It’s 100% irrelevant who “pushes the button”. -Darrell Heaps, Q4 Blog
  • New forms of interaction
  • Increasing use of social media analytics by investors Who are the influencers?
  • How best to engage?
  • Best use of social media #1 IR Magazine Investor Awards
  • A rapidly changing landscape Not only … Increasing number of communication channels New forms of interaction But also… New investment opportunities New means of financial transactions
  • New developments like crowdfunding and cryptocurrencies (e.g., Bitcoin) have let the genie out of the bottle….. All our basic assumptions about money and financial services are now being questioned.
  • What is Crowdfunding? Accumulation of small investments in individual projects by large number of individuals (the “crowd”) via or with help of Internet and social networks (De Buysere et al., 2012) Picture: FundedByMe
  • Increasing competition for investors through crowdfunding Massolution 2013 Millions of dollars 2015e USD 17 bln Crowd equity rising
  • Changing regulations
  • Investing in ventures anywhere Ushahidi of Kenya Kenya
  • Improving financial transactions Free, instant payment solutions in any “currency” P2P cryptocurrencies Zero-commission stock trades
  • • Paper by “Satoshi Nakamoto” in 2008 • Open source project posted on SourceForge in Jan 2009 • Peer-to-peer digital, cryptocurrency • Developed by community of strangers across globe Bitcoin and its community Teigland, Yetis, Larsson 2013
  • Cryptocurrencies, e.g., Bitcoin, reshaping global financial space Currency Code Year Est. Founder(s) Active Website PoW PoS Bitcoin BTC or XBT 2009 Satoshi Nakamoto (pseudonym) Yes N/A Yes No Ripple XRP 2013 Chris Larsen & Jed McCaleb Yes ripple.com No No Litecoin LTC 2011 Charles Lee Yes litecoin.org Yes No Peercoin PPC 2012 Sunny King (pseudonym) Yes peercoin.net Yes Yes Dogecoin DOGE 2013 Jackson Palmer & Billy Markus Yes dogecoin.com Yes No Namecoin NMC 2011 N/A Yes dot-bit.org Yes No Mastercoin MSC 2013 J. R. Willett Yes mastercoin.org No No Primecoin XPM 2013 Sunny King (pseudonym) Yes primecoin.org Yes No
  • ”Bitcoin has made me interested in issues like finance and money – things that I never thought about before. Now I am really curious and questioning why things are the way they are in the finance world….and wondering what can I do to change them.” - Bitcoin 2014 Conference Attendee
  • Some questions… •How best to engage and in which channels? •How to coordinate across the organization? •How to use big data/social media analytics? •How to influence the influencers? •How to approach new developments such as crowdfunding, cryptocurrencies, payment systems? •How to let go of control…..
  • Institutions Emergent Collective vs E.g., Central Bank ~ Long-standing financial institutions and regulations E.g., Bitcoin Community ~ Emergent collective of users across globe connected through internet Emergent collectives challenging long-standing institutions Teigland, Yetis, Larsson, 2013 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2263707
  • "...when the rate of change outside an organization is greater than the rate of change inside, the end is near...." - Jack Welch
  • Robin Teigland robin.teigland@hhs.se www.knowledgenetworking.org www.slideshare.net/eteigland RobinTeigland Photo: Lindholm, Metro Photo: Nordenskiöld If you love knowledge, set it free… “We ain’t seen nothin’ yet….”